Oil & Gas Title Analyst

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:

Provides specialized support to Oil and Gas Asset Manager and broader Oil and Gas Team for the comprehensive management of oil, gas and mineral assets held in trust, estate, agency accounts.  This role requires specialized knowledge in mineral management and/or land management including experience analyzing all types of title documents, oil and gas leases, land contracts and division orders. 

Core job functions include:  

• Review division orders and confirm account ownership interest
• Working with internal departments to set up new accounts, new assets and properties, and new wells
• Working with internal departments to take down assets and wells where appropriate and assist with closing accounts
• Detailed analysis of legal descriptions, gross and net acreage, ownership interest, lease data, production data, and researching internal and external records
• Identifying and setting up well and payer information in order to efficiently process income
• Identifying account and property information on class action settlement checks, shut in payments, and delay rental payments
• Communicating with oil companies and purchasers about change of ownership, discrepancies in ownership interest, improper deductions, and making demands for statutory interest on late payments
• Reviewing escheated items and working with the asset manager to claim the escheated funds from state agencies
• Reviewing JIB statements and confirming ownership interest
• Reviewing check detail on production and revenue to identify and allocate funds appropriately within the Bank’s accounting system